• Breaking News

    Monday, April 6, 2020

    Home Unlabelled Accounting Weekly Thread: Covid-19 and CARES Act

    Accounting Weekly Thread: Covid-19 and CARES Act

    April 06, 2020

    Accounting Weekly Thread: Covid-19 and CARES Act

    Weekly Thread: Covid-19 and CARES Act

    Posted: 06 Apr 2020 09:09 PM PDT

    This is a weekly mega-thread for items related to Covid-19 and the CARES Act. Covid-19 continues to have significant impact on the profession, as such posts related to Covid-19 and the CARES Act should be posted in the comments here. Other Covid-19 related threads will be removed and posters will be directed to this mega-thread that will update every Tuesday.

    For those looking for information on stimulus checks, check out r/tax where they're stickying a thread on stimulus checks.

    US PUBLIC ACCOUNTING UPDATES

    (While we recognize there are users from other countries that frequent r/accounting, the information for US firms tends to be the most prevalent and is applicable to the broadest audience)

    *Note that NA means no information available

    Firm Layoffs Bonuses Salary Partner distribution reductions Honoring Internship / FT Offers
    PwC NA NA NA NA Yes
    EY No Covid-19 layoffs planned No fiscal 2020 performance based bonuses NA Yes Yes
    Deloitte NA NA NA NA NA
    KPMG No Covid-19 layoffs planned No fiscal 2020 variable compensation or encore awards NA Yes Yes
    BDO NA NA 5% - 10% reduction from 5/1 to 8/1 Yes NA
    Clifton Larson Allen NA NA 10% reduction from 5/1 through 12/31 NA

    (While we recognize there are users from other countries that frequent r/accounting, the information for US firms seems to be most prevalent and is applicable to the broadest audience)

    *Note that NA means no information available

    Got something to add about your firm? Leave it in the comments and we'll update the following week.

    Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
    [link] [comments]

    Sounds about right

    Posted: 06 Apr 2020 08:05 PM PDT

    Performing first year testing over Intangible Assets like

    Posted: 06 Apr 2020 05:35 AM PDT

    Is anyone else just totally brain dead lately?

    Posted: 06 Apr 2020 12:52 PM PDT

    It's almost 1pm and I cannot get myself to do work for more than 10 minutes at a time

    submitted by /u/ex-taxman
    [link] [comments]

    My inner voice telling me to add a “per my last email” and cc their boss.

    Posted: 06 Apr 2020 11:05 AM PDT

    I smell something fishy

    Posted: 06 Apr 2020 03:17 PM PDT

    It's all about having good body posture

    Posted: 06 Apr 2020 09:17 AM PDT

    I got my 4th promotion this week and I still don’t know what I do...

    Posted: 06 Apr 2020 02:58 PM PDT

    When you’re really stumped

    Posted: 06 Apr 2020 08:13 AM PDT

    All of the New Hires on accounting positions at this moment

    Posted: 06 Apr 2020 06:48 AM PDT

    What is the deal with B4 pushing Alteryx?

    Posted: 06 Apr 2020 07:00 PM PDT

    Do you guys like it? What do you think are the benefits of it, if you do think it has any?

    My B4 firm pushes it endlessly, and I get it probably has the contract rights to share with clients, etc., but I'm curious if y'all think it's really the next big analytic app?

    Also, what do y'all think of tableau?

    submitted by /u/throwRA_wayitgoes
    [link] [comments]

    Competency is the new sexy

    Posted: 06 Apr 2020 07:35 AM PDT

    Prior Year Workpapers

    Posted: 06 Apr 2020 04:50 AM PDT

    I just spilt coffee on my laptop and it won’t turn on AMA

    Posted: 06 Apr 2020 10:40 AM PDT

    I just spilt coffee on my laptop and our office is shut so I can't get a replacement laptop.

    How is your Monday going?

    submitted by /u/Hoopin4adream
    [link] [comments]

    As I review my 40th workpapers, I'm starting to feel this way...

    Posted: 06 Apr 2020 01:09 PM PDT

    The OG adding machine

    Posted: 06 Apr 2020 03:33 PM PDT

    Is it worth it to study for the CPA right now?

    Posted: 06 Apr 2020 03:49 PM PDT

    Prometric probably won't be re-opening until May or June at this point, just wanted to see what everyone else thought about studying right now. Is it worth it?

    submitted by /u/cpastudentthrowaway
    [link] [comments]

    When will the rest of the Big 4 announce their plans for summer 2020 interns?

    Posted: 06 Apr 2020 04:17 PM PDT

    With PwC announcing the cancellation of their summer internships and replacing them with a 2 week long virtual training, I'm surprised that the rest of the Big 4 haven't announced their plans for the summer yet.

    Do you think all will do similar things? Do you think there is potential fall out if one firm offers a significantly worse or better replacement than PwC has? Why might the other firms be stalling?

    submitted by /u/helloitsmemiguel
    [link] [comments]

    When Tim Gearty says “In this particular case”

    Posted: 06 Apr 2020 12:41 PM PDT

    Am I not meant for accounting?

    Posted: 06 Apr 2020 10:13 PM PDT

    I am a sophomore at IU Kelley, I can tell you what a balance sheet and income statement look like from my memory and how to put everything it needs. Where I fall off is adjusting entries. I can't seem to grasp it no matter how much I try and work. I know about the Dead Cler for the Debits and Credits but this adjusting entries just doesn't make sense to me at all and all students are not online for the remainder of the semester. I am afraid that next semester I won't be able to do what I need to in my higher accounting classes. Could you please give me some tips or how was it when you started? Thank you.

    submitted by /u/indy_finance_narco
    [link] [comments]

    That sweet feeling of no open review notes

    Posted: 06 Apr 2020 08:48 AM PDT

    MRW I realized how public accounting operates

    Posted: 06 Apr 2020 09:18 AM PDT

    PwC full time offers 2021?

    Posted: 06 Apr 2020 04:13 PM PDT

    So I have an offer for a winter internship in the Dallas assurance practice for PwC. They have assured me that our offers for the internship will be honored for sure, but does this increase the likelihood that I won't receive a full time offer at the end of the internship??

    submitted by /u/cestlavie7
    [link] [comments]

    [CAN] CPAs in Toronto, what's the current status of the job market?

    Posted: 06 Apr 2020 08:49 AM PDT

    I'm in western Canada contemplating a move to Toronto this summer (hopefully once the pandemic makes it easier to move, might have to delay until next year). Curious to know what the current status of the job market is like. Just looking at Linkedin and Indeed, the sheer volume of CPA jobs seems overwhelming, but I'm curious to know how long these opportunities stay open, how competitive it is and how the pandemic has changed the market landscape at all.

    Some background that might help:

    • Wrote and passed the CFE in 217
    • 2.5 years at a Big 4 (left as Senior 2, high ratings/good reviews each year)
    • 2 years as a Manager, Financial Reporting at a public company.

    I'd be looking at FR Manager/Controller/FP&A Manager type of jobs specifically so hoping you guys have insight, also on salary $$ at this level in TO. Also, it took me about 2 months to leave B4, would I expect a similar timeline?

    submitted by /u/jammang
    [link] [comments]

    What companies are making cuts?

    Posted: 06 Apr 2020 01:54 PM PDT

    Which companies are making cuts and what type of cuts are they making. Who is cutting; bonuses, contractors, people, pay, etc?

    submitted by /u/RiskConsulting
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment